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18 February 2025 | 15 replies
Your time is best spent producing the revenue that allows you to invest in the first place.That includes using local agents you meet and feel are a good fit for you, property managers, possibly buying completed properties like the one you posted here, and outsourcing as much of the process as you can as you get started.
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15 February 2025 | 14 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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27 January 2025 | 7 replies
Proper underwriting - this includes an appraisal, loan app and full underwriting to comply with CFPB regulations.2.
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17 January 2025 | 13 replies
we are experiencing something similar with a property in western nc. its a large investment home, in a good area. we offered it at 100 per sqft . we have not had the attention it should have . i assumed it was due to storms , elections, interest rates. i could be wrong we may pull it from the market and finish it.
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27 January 2025 | 5 replies
I had specifically asked for numbers including mortgage payments and they emailed to me.
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24 January 2025 | 0 replies
Here's what you need to know about qualifying and managing costs, including realtor fees and other expenses.Why Germany?
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27 January 2025 | 8 replies
That should really be the deciding factor...is it necessary and a large enough project to include the permit process?
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19 January 2025 | 27 replies
The contractor I hired finished the Foundation work in 4 weeks and tenant started reporting damages, thefts to items in Garage which contractor denied.
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26 February 2025 | 40 replies
Store’s biggest tenants include the AMC Entertainment movie theater chain, an Applebee’s restaurant franchisee and an Ashley Furniture HomeStore franchisee."
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4 February 2025 | 38 replies
Including thinking about moving your investing a little west into GA if the SC tax situation haunts you.